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11 November 2014 | Free Forex Analysis | EURUSD : TWO PROFITS ON SAME WAVE

G’day Surfers – nice, unusual Monday.

Yesterday’s Report

Most Mondays are slow and uneventful but I couldn’t say that about yesterday. In fact there was quite a bit of activity, producing multiple setups. Order #1 expired before #2 setup, both Shorts. #2 triggered but took sometime to deliver TP1, which formed a Long setup and order #3. The very next candle pointed strongly South toward the untested DP however and we took a second position Short. It triggered very quickly and the DP target was hit with both trades – NICE!

Technical Analysis

Today is a very solemn day as major centres observe Bank Holidays to honour those who have served their countries and in particular, those who paid the ultimate price. No trading and no analysis.

The Day Ahead

Giving thanks for the freedom and lifestyle I enjoy because others were prepared to risk everything. May we never forget their bravery!

They shall grow not old, as we that are left grow old;
Age shall not weary them, nor the years condemn.
At the going down of the sun and in the morning
We will remember them.

Geoff Pyne  


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